Brown Capital Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

           Total Assets Under Management                  Annual Fee

                      First $1,000,000                          1.50%

                     Second $1,000,000                          1.00%

                     Above $2,000,000                           0.75%

These fees are negotiable and the final fee schedule is attached as Exhibit II of the
Investment Advisory Contract. Fees are paid quarterly in advance, and clients may
terminate their contracts with ten days’ written notice. Refunds are given on a prorated
basis, based on the number of days remaining in a quarter at the point of termination.
Clients may terminate their contracts without penalty, for full refund, within 5 business
days of signing the advisory contract. Advisory fees are withdrawn directly from the
client’s accounts with client written authorization.

Financial Planning Fees
Hourly Fees
The hourly fee for these services is $200. The fees are negotiable and the final fee schedule
will be attached as Exhibit II of the Financial Planning Agreement. Fees are paid in arrears
upon completion. Because fees are charged in arrears, no refund is necessary. Clients may
terminate their contracts without penalty within five business days of signing the
advisory contract.

B. Payment of Fees
Payment of Investment Supervisory Fees
Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. Fees are paid quarterly in advance.

Payment of Financial Planning Fees
Hourly Financial Planning fees are paid via check in arrears upon completion. Because
fees are charged in arrears, no refund is necessary.

                                                                       Form ADV 2A Version: 8/6/2026

       C. Clients Are Responsible For Third Party Fees

       Clients are responsible for the payment of all third party fees (i.e. custodian fees, mutual
       fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and
       expenses charged by BCM. Please see Item 12 of this brochure regarding
       broker/custodian.

       D. Prepayment of Fees

       BCM collects fees in advance and in arrears. Fees that are collected in advance will be
       refunded based on the prorated amount of work completed at the point of termination
       and the total days during the billing period. Fees will be returned within fourteen days to
       the client via check or return to account.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither BCM nor its supervised persons accept any compensation for the sale of securities
       or other investment products, including asset-based sales charges or services fees from
       the sale of mutual funds.

Item 7: Types of Clients

BCM generally provides investment advice and/or management supervisory services to the
following types of clients:
           v   Individuals
           v   High-Net-Worth Individuals
           v   Foundations
           v   Pension and Profit Sharing Plans

Minimum Account Size

There is an account minimum, $200,000, which may be waived by the investment advisor, based
on the needs of the client and the complexity of the situation.